Profits up at IAG but French air traffic control strikes take toll

Profits up at IAG but French air traffic control strikes take toll

International Airlines Group has seen profits for the six months to June 30th increase to €835 million, up 5.7 per cent on the same period last year.

The British Airways owner reiterated its outlook that it expected annual operating profit to be higher this year at current fuel prices and exchange rates.

IAG also owns the Iberia, Vueling, Aer Lingus and Level airlines.

Total revenue at the group was up 3.1 per cent, to €11.2 billion, while basic earnings per share were up more than 140 per cent to €0.68.

Willie Walsh, IAG chief executive, said: “There was a strong performance in both unit revenue and cost